As the investor gains experience, they are not only able to more successfully foresee the “bumps” along the way, able to handle recessions, temporary negative cash flow, unforeseen capital expenditures without panicking, but will also recognize the opportunities necessary to turn a loss into a break even.

I'm starting to build the foundation so that when I get this experience I'll be ready and able to handle the business.  

The PMS around here are pretty terrible, I've worked with a lot of the larger ones in Cleveland and I think they just take on more properties than they can effectively handle and don't hire enough additional employees to make it work. 

I’ve handled almost every aspect of renovations myself—plumbing, tiling, painting, drywall, and general construction.

Just ensure any updates comply with Pennsylvania laws and are handled transparently.

I've unfortunately seen too many examples where a Canadian investor trusted their Canadian accountant to handle all the U.S. compliance and it cost them a lot of headaches and money. 

Leasing is a specialized skill—PMs deal with this daily, making them far better equipped to handle applications, verify income, conduct background checks, and evaluate a tenant’s overall suitability.Protecting Your Investment:The cost of a bad tenant can be far greater than the cost of hiring a professional.

Credit checks tell you some sense of how they handle their money.

While I’ve been handling smaller real estate transactions for about a year and a half, I knew I needed guidance to break into this space.

If that's not an option, I would recommend he look into his state and local municipalities' rules on how to handle abandoned vehicles.